Neil:
You asked about demographics of the existing area and for development we would seek to attract. The figures below are for the entire Zip Code of Croton-on-Hudson which is larger than the census tract or political boundaries of the Village. The Harmon district is the business zone closest to the village's large commuter train/bus transit hub at Croton-Harmon Station (Metro North, Amtrak service). So that is a major asset in attracting residents and potential businesses.
We are commissioning a retail feasibility study to learn more about
existing demographics and those for what new retail space might attract.
Demographics 10520 zip code (10/2007):
12,995 Total Population (again zip code is 49% larger than village proper, but does represent a coherent cluster of neighborhoods that belong to same school district, use same commuter hubs, etc.)
2,738 Total Employees (Daytime Population)
$128,902 Average Household Income
$91,239 Median Household Income
Here are a few more demographic facts about Croton from the County Census 2000 Research books and the 204 Data Book.
-Average 1 bedroom apartment rent in Croton is $1,115; and 2 bedroom average rent is $1,540. (2004 data; rents are probably higher now; this is about $100 higher than same apts in Ossining).
-Total number rental units in Croton: 674 (compared with 3,900 in neighboring Ossining).
-Average Vacancy Rate in Croton is 2% for home and rentals (2004 data: Ossining rate is 3%, Buchanan 11%, no communities have lower vacancy rates than 2% in the County).
-Actual 2006 Area Median Income (AMI) for Westchester County is $96,500. (AMI is slightly lower for 2007.)
"By definition, a household earning 80% of an area’s median income is considered “low income"....”(County Planning Dept).
Therefore some housing development funds are available to create housing that will target folks who earn 80% of the AMI. That means a 2 person household with $77,000 annual income might qualify for affordable housing. Folks whose professions are commonly in this income range include: personnel manager, municipal engineer, teachers, police officers, health care workers.
Projected Village of Croton Population for 2030 is 9,500, a 20% increase over current pop of c. 8,000.
-Leo Wiegman